Dollar Arrests Decline Amid Mixed Economic Signals; Short-Term Rebound Is Likely
On Wednesday, the US Dollar picked up steam for the second consecutive day as the US Dollar Index, which measures the currency against six key rivals, managed to rise despite remaining in the red for...
Daily Market Outlook, June 5, 2024
Daily Market Outlook, June 5, 2024Munnelly’s Macro Minute…“Bank of Canada On Deck Ahead Of ECB & NFP’s”Wednesday saw a general rise in Asian stocks, with the dollar holding steady, driven by...
Daily Market Outlook, June 4, 2024
Daily Market Outlook, June 4, 2024Munnelly’s Macro Minute…“When Bad News Means Bad News…”Asian stock markets experienced a downturn following the release of a weaker-than-expected US ISM manufacturing...
Daily Market Outlook, June 3, 2024
Daily Market Outlook, June 3, 2024Munnelly’s Macro Minute…“ECB & US Payrolls Data The Macro Drivers For The Start of June”Asian equity markets kicked off the week positively amid fluctuating...
S&P500 at a Crossroads: Potential Price Drop Ahead?
The price of the currency pair EUR/USD is gradually heading up, approaching the resistance level of 1.1000, and the downtrend formed between points 1 and 2. The price of this asset might rebound at...
SPX500USD H4 | Rising into Pullback Resistance
TitleSPX500USD H4 | Rising into Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 5,321.04 which is a pullback resistance that aligns with the 78.6%...
EUR/USD Sentiment Improves after EU Inflation Data as Markets Pare Bets on Dovish ECB Stance
In Friday's trading session, the EUR/USD surged above the 1.0850 mark, bolstered by stronger-than-expected inflation figures from the Eurozone. According to Eurostat, the Harmonized Index of...
Daily Market Outlook, May 31, 2024
Daily Market Outlook, May 31, 2024Munnelly’s Macro Minute…“Month End Flows & Inflation Data In Focus”On Friday, Asian stocks saw an increase and are set to mark the fourth consecutive month of...
USD Loses Momentum After GDP Data; Greenback's Rally Short-Lived
The US Dollar experienced a downturn on Thursday following the release of the latest Gross Domestic Product figures. On the previous day, the dollar had shown remarkable strength, pushing the DXY US...
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